MEFF, BME’s Derivatives Market, today announced it has selected Markit’s dividend dataset as a key input in its equity products pricing model.
As part of the agreement, MEFF will integrate Markit’s global dividend forecasts, giving it access to dividend amounts and dates on a range of European stocks worldwide and up to four years ahead.
Mercedes Irigaray, Market Supervision Managing Director at MEFF, said, "The use of Markit dividends in the MEFF settlement prices calculation model will further enhance the accuracy and integrity of them".
Niall Cameron, Executive Vice President at Markit, said:
"Dividend forecasts are one of the crucial elements needed to determine indicative options prices and daily settlement prices. We are delighted to have been selected by MEFF and look forward to working with them".
